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Indian equity benchmark indices opened on a strong note on Tuesday, following the announcement of a ceasefire between Israel and Iran
Sensex Today
Sensex Today: Equity markets rallied sharply on Tuesday as investors welcomed the ceasefire agreement between Israel and Iran. The announcement, made by US President Donald Trump, marked the end of what he called the “12-day war” in West Asia, easing geopolitical tensions and boosting global investor sentiment.
The BSE Sensex jumped 804 points to 82,701, while the NSE Nifty 50 climbed 268 points to breach the 25,200 mark, ending at 25,240 — both indices gaining nearly 1 per cent.
Broader markets also mirrored the upbeat mood, with the Nifty MidCap and SmallCap indices rising 1 per cent each.
Among sectors, the Nifty Oil & Gas index advanced 1.13 per cent, led by gains in HPCL, IOCL, BPCL, MGL, Petronet LNG, and Castrol India.
Rupee sees steepest opening in over a month on Israel-Iran ceasefire
The domestic currency rose 64 paise to open at 86.11 against the dollar, after closing at 86.75 on Monday, according to Bloomberg. The unit posted the steepest opening gains since May 13, but has fallen 0.61 per cent so far this month.
Global Cues
Asian equity markets responded positively, with South Korea’s Kospi rallying 2.5 per cent and Taiwan up 2 per cent. Japan’s Nikkei rose over 1 per cent, while Hong Kong’s Hang Seng and Singapore’s Straits Times gained around 0.7 per cent each.
US markets closed higher overnight, ahead of the ceasefire news. The Dow Jones, S&P 500, and Nasdaq all advanced by nearly 1 per cent.
In the commodities space, easing geopolitical concerns pulled gold prices down by over 1 per cent to $3,357 per ounce. Silver also declined 0.6 per cent. Crude prices fell sharply, with WTI futures tumbling 3.4 per cent to $66.23 a barrel, and Brent crude down 1.2 per cent at $68.39.
Back home, Om Mehra, Technical Analyst at SAMCO Securities, said that a sustained move above the 25,225 level would confirm bullish momentum and could trigger further upside for the Nifty.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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